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Last week the chairman and chief executive of Equitable Life published an advertisement in a national newspaper and sent its with-profit policyholders a letter “seriously questioning” the motives of IFAs who recommend their clients switch from the stricken life office to another provider.Opposite, Money Marketing publishes Equitable&#39s letter in full. Below, a leading IFA writes […]

Skipton Building Society has brought out another tranche of its five-year guaranteed growth bond that is linked to the FTSE 100, S&P 500 and Eurostoxx 50 indices.The bond guarantees the return of the original capital, plus a minimum return of 22 per cent regardless of what happens to the indices. The maximum potential growth is […]

Tuesday, February 19, 2002Type: Guaranteed offshore high interest accountAim: Growth linked to 12 blue chip company stocksMinimum investment: Lump sum £10,000, £5,000 for existingBritanniacustomersPlace of registration: Isle of ManInvestment split: 100% linked to 12 blue chip company stocksGuarantee: Capital returned in full at end of term regardless ofperformance of underlying investmentsYield: Up to 65% gross […]

By Robin Geffen, Fund Manager & CEO This is a testing time for investors. Over the past year the market has been driven forward by strong fundamental trends underpinned by changes in the real world, but over the past month a more animalistic sentiment has sent shares plunging. As we consider the remainder of the […]

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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]

Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]

Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £149m between July and September this year — their highest level […]